DrStool Posted January 3 Report Share Posted January 3 At least, so far this morning, looks like the monkey is getting choked, but let's look again after the first half hour of regular trading in New York in 3 hours from the time I'm writing this. Meanwhile, overnight, the Asians and Europeans were optimistic enough to push the ES, 24 hour S&P fugutures to a breakout of the right side of this rather awesome pattern that looks like a huge bottom going back a couple of weeks. But it also might be a consolidation on the way down. Normally, a pattern that looks like this ultimately breaks out topside, but in today's environment, I wouldn't want to presume. We won't know for sure until they actually clear the range one way or the other. The starting point for the bulls would be 3892. They gotta get through that first. If they do, the breakout would have a conventional measured move target of around 4010-15. If they don't clear 3892 today, I'll give my bear friends the benefit of the doubt. However, no clear win for them unless and until the get below the trendline now around 3800, approaching 3810 later today. For moron the markets, see: Here’s Where Short Term Signals Either Confirm Bullish Or Else January 2, 2023 Composite Liquidity Still Bearish, No End in Sight December 23, 2022 May Gold Be Merciful Unto Us, Amen December 19, 2022 I am working on swing trade screens right now for posting before NY opens. I'll have a gold update tomorrow, followed by a new Liquidity Trader Money Trends report focusing on December tax collections and yobs man. If you're serious about the underlying forces of supply and demand that drive the markets, join me! If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 Swing Trade Screen Picks – New Year R&R Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 Hmmmmm... Quote RHOIDERS - Jan 23- King Dollar's reign (definitely) coming to an end, bonds bouncing and emerging markets rising again are just some of the trades international money managers are betting on in 2023. https://www.reuters.com/markets/global-markets-top-trades-pix-2023-01-03/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=010323 Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 Good to see a return to orderly markets. Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 Talk about filling up a channel. Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 Quote Link to comment Share on other sites More sharing options...
Jorma Posted January 3 Report Share Posted January 3 Did you see the RRP soared to $2.55TN on the 30th. Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 Yes, certainly good to see the return of orderly markets in the new year. Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 9 minutes ago, Jorma said: Did you see the RRP soared to $2.55TN on the 30th. Year end window dressing. Does the same thing at the end of every quotter. Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 Should drop back to where it was over the next 2-3 days. Quote Link to comment Share on other sites More sharing options...
Jorma Posted January 3 Report Share Posted January 3 7 minutes ago, DrStool said: Should drop back to where it was over the next 2-3 days. Sure. Thing are normal. Well under control, over liquified. Seems to be working. Quote Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 3 Report Share Posted January 3 The first day of the Bond "Monkey" Market..... What will it look like at the end of the year? Quote Link to comment Share on other sites More sharing options...
DrStool Posted January 3 Author Report Share Posted January 3 RRPs dropped by $365 billion today. Bullish. Quote Link to comment Share on other sites More sharing options...
Jimbo Posted January 4 Report Share Posted January 4 THE FEDIVERSE VS THE METAVERSE Who wants or needs to inhabit the metaverse when the FED created a financial fantasy world out of the real world....the Fediverse. If META chucked the metaverse the stock would probably double. The current lack of printing is simply a welcome return to reality. Printing is belief....fantasy. The ominus spending bill not good for stocks and bonds....crowding out effect. 1 Quote Link to comment Share on other sites More sharing options...
Jimi Posted January 4 Report Share Posted January 4 3 hours ago, Jimbo said: THE FEDIVERSE VS THE METAVERSE Who wants or needs to inhabit the metaverse when the FED created a financial fantasy world out of the real world....the Fediverse. If META chucked the metaverse the stock would probably double. The current lack of printing is simply a welcome return to reality. Printing is belief....fantasy. The ominus spending bill not good for stocks and bonds....crowding out effect. The Frediverse…. 1 Quote Link to comment Share on other sites More sharing options...
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